Further comments by ECB chief economist Peter Praet
- It would need big changes in scenarios not to abide by rate guidance
- Says that rate guidance is a "very strong expectation"
The language on risks by the ECB will be a key thing to look out for next year. Currently, they view it as being "broadly balanced" but a shift towards something like "viewing increasing downside risks" will be a sign that rate hike expectations could be pushed back further towards 2020.
